The CFA is part of Gov. Andrew Cuomo’s regional economic development council initiative, seeking to stimulate job growth and economic recovery. Rather than having differing applications for funding from multiple state agencies, the initiative allows an economic development project to only require one application and be eligible for funding from up to nine state agencies and authorities.

Together with the regional economic development councils’ regional plans, $1 billion in state resources is available from the state for measures that bolster business. The CFA allows an applicant to access multiple funding sources from dozens of existing programs through one comprehensive application, making it quicker and easier to receive funding.

The CFA workshops will be held throughout the first week in October at over a dozen locations across the state, covering all 10 economic development regions.

The workshop for the Long Island region will take place from 10:30 a.m. to 1 p.m. on Tuesday at the Student Union Building of SUNY Old Westbury.

During the workshops, ESDC will provide an overview of the application and CFA process followed by informational breakout sessions on specific areas of funding available for economic development projects.